Central Culture Resource Group Limited’s HK$560 Million Cash Offer For Wang Yang Holdings Limited

King & Wood Mallesons represented Central Culture Resource Group Limited as the offeror in the unconditional mandatory cash offer to acquire all the issued shares in the Hong Kong*-listed Wang Yang Holdings Limited (SEHK Stock Code: 1735).

The General Offer was completed on 4 October 2019 at approximately HK$2.12 per share of Wang Yang Holdings, valuing at more than HK$560 million. Huatai Financial Holdings (Hong Kong) Limited acted as Central Culture Resource’s financial adviser.

Central Culture Resource is a limited liability company incorporated in the BVI with the entire issued share capital held by the founder of ???????????? (Anhui Central Holding Group Company Limited). Anhui Central Holding Group Company Limited primarily engages in real estate development, commercial property leasing, environmentally friendly construction, cultural and creative industry, smart logistics, as well as the health and wellness industry in the PRC.

The KWM Hong Kong team was led by Dr. Sheldon Tse (Picture), Partner and Head of Corporate & Securities, with support from senior associate Jeff Wong, associates Angela Chung, Stefy Tong and Christine Lau.

Involved fees earner: Angela Chung – King & Wood Mallesons; Christine Lau – King & Wood Mallesons; Stefy Tong – King & Wood Mallesons; Sheldon Tse – King & Wood Mallesons; Jeff Wong – King & Wood Mallesons;

Law Firms: King & Wood Mallesons;

Clients: Central Culture Resource Group Limited;

Author: Michael Patrini